Mortgage Rates Spike to 2.5 Month HIGH

Mortgage Rates Spike to 2.5 Month HIGH

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We haven’t seen mortgage rates this high since late-November 2023 and the likelihood of a Fed pivot isn’t going to happen anytime soon. Also, Redfin announced last week that the US housing market is “sluggish so far”.

In today’s video, I share the latest housing market trends for the United States based on Redfin’s latest housing market update (link below). Thank you for watching the video! I appreciate you. Please like, share this video and subscribe!

Interested in buying or selling a home in the greater Sacramento area? Email me at: [email protected]

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Compilation of Housing Market Forecast videos:
https://youtube.com/playlist?list=PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi

Sources of the Reports I Shared in Today’s Video:
https://www.redfin.com/news/housing-market-update-prices-mortgage-rates-rise/

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html

https://www.mortgagenewsdaily.com/mortgage-rates

https://www.freddiemac.com/media-room

https://www.investing.com/economic-calendar/

https://www.redfin.com/news/data-center/

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed rate mortgage is around 7% for the current mortgage rates (at the time of filming this video for those with excellent credit).

Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?

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Jason Walter, CPA (CPA lic 103885 - inactive)
Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
[email protected]

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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.

This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent with Realty ONE Group Complete in California under DRE 01923240.

#Redfin #realestate #housingmarket